Deals
Alibaba's Jack Ma Said to Be in Discussions to Buy SCMP Stake
- If completed, Ma would follow Bezos in buying storied masthead
- Hong Kong-based SCMP was once world's most profitable paper
This article is for subscribers only.
Alibaba Group Holding Ltd.’s founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post, according to people familiar with the matter, in what could make him the latest Internet-industry tycoon to pursue the revival of a traditional newspaper.
Discussions are at an advanced stage, two of the people said, asking not to be identified because the negotiations are private. A signing ceremony will be announced soon, one of the people said. Financial details of the deal weren’t available.